Glazers show no shame as shareholders prepare to pocket another £11 million in dividends
You might hope that after a woeful season on the pitch, Manchester United’s owners would show some humility and take responsibility for the shambles.
Not the Glazers. They are preparing to pocket another windfall at Manchester United’s expense.
Amid Manchester United’s latest financial figures, The Mail report Manchester United’s shareholders are set to receive £11 million in dividends.
The majority of this figure will go to the Glazers, the latest twice a year windfall they will be receiving.
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Dividends are Manchester United’s money wasted
There is no shame being shown by the Glazers here, after Manchester United’s lowest ever Premier League points total.
The campaign was a shambles, with United writing the season off, with the owners refusing to sanction any mid-season investment.
Manchester United are the only Premier League club to pay dividends out to owners, and it just seems like the Glazers are having giant laugh at our expense.
The £11 million paid out could be used to strengthen the team. For instance, United could have bought Brighton star Moises Caicedo, twice with that money, who cost just £4.5 million.
Caicedo scored the opening goal for Brighton against Manchester United in an embarrassing 4-0 defeat earlier this month.
Avram Glazer was quizzed by a reporter about Manchester United recently, and actually responded, commenting, via The Mail: “We’ve always spent the money to buy new players.”
The Glazers don’t spend their own money, though. All funds put towards transfers are generated by the club, as opposed to being their own investment.
As the dividends demonstrate, the Glazers take rather than give, and it all feels unsustainable when combined with lack of success.
The club’s net debt has risen by 11 per cent over the past year to a staggering £496 million. There appears to be no plan for reducing this.
